Tag: oil trading

Commercialization, Conventional Fuels

U.S. Oil’s May Contract Slump Is Historic Irrelevance Compared To Alarming Reality Of June’s 30% Crash

April 21, 2020

Via: Forbes

The date April 20, 2020 will forever be etched in oil trading history, for on that fateful Monday afternoon an expiring West Texas Intermediate contract for May initially slumped below $10, headed to zero, and at just past 2pm EDT […]

Commercialization, Conventional Fuels, News and Policies, World

Saudi Arabia denies it threatened to strip the US dollar from oil trading

April 8, 2019

Via: CNBC energy

Saudi Arabia on Monday denied a report that the kingdom is threatening to sell its oil in currencies other than the U.S. dollar if American lawmakers pass legislation targeting OPEC. Reuters reported last week that the Saudis had raised the […]

Chemical, Commercialization, Conventional Fuels

Stuck In The $50s: Why The Oil Price Is Going Nowhere Fast

February 20, 2017

Via: Forbes

This far into 2017, week after oil trading week has ended on very familiar territory with both Brent and West Texas Intermediate (WTI) – the world most watched crude benchmarks – stuck above the $50 per barrel mark. While that […]